Question 1: You are required to analyze the above transactions and prepare a table to show the effect of all the above transactions in the accounting equation. (10 Marks) Question 2: You are required to Journalize the above transactions of January 2020 using appropriate format. (10 Marks) Question 3: You are asked to Post all the above transactions from the journal to respective ledger accounts and find the balances at January 31, 2020. (10 Marks) Answer All the Questions Following information is relevant for Questions 1-4 Mr. Anwar Mohammed Al Shukaili has worked almost eight years as an operational manager in a major HR service company based in Dubai. After gaining enough experience and knowledge from the company, he has decided to resign at the end of the year 2018 and start his own HR service business in his home town at Muscat in the beginning of the year 2019. The following transactions occurred in the first month of his business Al Shukaili HR Service January 1. Mr.Shukaili introduced RO.30,000 as initial investment to start his new business 2. Business purchased a computer for RO.200 and paid cash 3. Business obtains a loan of RO.10,000 from a bank in Muscat 5. Business purchased a car for credit from Bowel car dealers for RO.12,000, paid cash R0.3,000 immediately and balance agreed to pay later 8. Purchase office furniture for RO.3,000 and paid cash immediately 12. Business provided recruitment service to a local customer and collected cash R0.800 15. Business paid insurance for the whole year in advance RO.500 18. During the month Business eamed RO. 1,400 from a client for providing HR service, collected cash R0.400 immediately but the balance the client agreed to pay later. 20. Business provided recruitment service to an international customer and collected cash R0.3,000 24. Business paid salary to all office staff totaled RO.2,500 27. Paid the balance full amount to Bowel car dealers for the car purchased in the beginning of the month 28. Business paid R0.900 as rent to the landlord 31. Business received RO.1,000 from a customer, who previously invoiced for the service for credit Question 1: You are required to analyze the above transactions and prepare a table to show the effect of all the above transactions in the accounting equation. Question 4: a) Prepare the unadjusted trial balance at January 31, 2019 for Al Shukaili HR Service business (6 Marks) b) Imagine,Mr.Shukaili father comes to his office and ask the staff to send one parcel to his friends address who lives in dubai, Do you think the staff need to record this transaction in the books of accounts, If no, justify your answer. If yes, discuss why this transaction is to be accounted for when the business belongs to the proprietor ie his son? And in what manner this transaction is to be recorded. If no, What impact it would have on the first month of profit for Shukailis courier service business. (4 Marks, Word Limit 40-70)